LG Energy Solution anticipates profit surge as EV demand accelerates
newscatcher
2023-07-07 09:31
LG Energy Solution anticipates profit surge as EV demand accelerates
LG Energy Solution's headquarters in Yeouido, western Seoul. [YONHAP] LG Energy Solution has estimated a jump in excess of 200 percent in its operating profit for the March-June period, driven by strong demand for electric vehicles. The local battery maker on Friday said that its second-quarter operating profit came in at 611.6 billion won ($468.1 million), up 212.7 percent from the same period last year, in its preliminary earnings guidance. The figure missed the analyst consensus of 688.2 billion won compiled by FnGuide.

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